By the NumbersHomebuying demand ticks up despite elevated ratesWith the election over and rates appearing to stabilize, more would-be buyers were looking at homes this past week.Dave GallagherNovember 14, 2024
IndustryZillow president steps down, company names new COOPresident Susan Daimler is departing after 12 years at the company, while SVP Jun Choo moves into the C-suite.Dave GallagherNovember 14, 2024
BrokeragesCourt refuses to pause eXp case citing 'questionable behavior'Judge Stephen Bough said discovery could continue into whether deals reached by eXp and Weichert with the Hooper plaintiffs constituted a "reverse auction."Dave GallagherNovember 14, 2024
By the NumbersNAR economists offer dire warnings about inventory, ratesIf home price growth continues at the current pace, “America will be completely divided,” said Chief Economist Lawrence Yun. The solution? “More supply.”AJ LaTraceNovember 14, 2024
AgentsCommissions relatively unchanged following NAR settlementAn analysis of more than 17,000 transactions initiated within 60 days of Aug. 17 showed only minor shifts in percentages, though transactions were down overall.Dave GallagherNovember 14, 2024
IndustryMore challenges to NAR settlement; headaches for HannaA law professor says the court doesn’t have the authority to force objectors to attend in person, while in Pennsylvania, Howard Hanna’s dismissal is appealed.Dave GallagherNovember 13, 2024
BrokerageseXp’s CEO on Clear Cooperation: You can’t take but not giveWant to repeal the CCP? Then you shouldn’t be able to build your own listing networks while pulling from the cooperative MLS feed, says eXp CEO Leo Pareja.AJ LaTraceNovember 13, 2024
BrokeragesCompass unveils luxury-focused vacation home businessAgents with Compass Resorts go beyond white-glove treatment and become "more like wealth managers" to support clients in this space, its founders say. Stephanie Reid-SimonsNovember 13, 2024
AgentsFirst-time homebuyers may not be who you expect, NAR saysInexperienced buyers have a lot of questions — about financing, buyer agreements, resources for first-timers and more — and agents need to have the answers.Amie FisherNovember 12, 2024
BrokeragesCEO Anthony Hitt out at Engel & VölkersHitt had been with the Germany-based luxury franchisor since 2010. Chief Strategy Officer Stuart Siegel will serve as interim CEO.Real Estate News StaffNovember 12, 2024
MLS/AssnNAR seeking outside help to get ahead of antitrust issuesCEO Nykia Wright said she is also engaging a chief human resources officer, as well as a special advisor to help re-establish broker relationships.Stephanie Reid-SimonsNovember 11, 2024
TechTech Bytes: News from Cloze, JobSnap/KW Collective, RechatCloze hires growth-focused exec to focus on partnerships; JobSnap offers agents a way to connect with service providers; Rechat partners with Pacific SIR; more.Real Estate News StaffNovember 11, 2024
TechWhat’s next for Opendoor after layoffs and $78 million loss?Top iBuyer highlights new products and shifts in agent pay as it joins Offerpad, Elliman and Fathom in finding bright spots after tough third-quarter results.Stephanie Reid-SimonsNovember 10, 2024
IndustryThe future of MLS? It's Zillow, says Compass CEORobert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.Stephanie Reid-SimonsNovember 9, 2024
By the NumbersNAR economist bullish on home sales rebound in 2025Yun expects existing sales to rise 9% next year and even more in 2026, though the market has proved difficult to predict in recent years.Dave GallagherNovember 9, 2024
BrokeragesBrokerage Beat: Lyon rebrands to Windermere, Amerivest joins RealThe Sacramento firm will operate under the Windermere name; Amerivest, serving four states, brings 400 agents to Real; Corcoran franchise expands in Bahamas.Real Estate News StaffNovember 9, 2024
MLS/AssnNAR president works to rally ‘the boots on the ground’Kevin Sears kicked off NAR NXT with an acknowledgement of real estate industry challenges and a message of unity. His go-to message: “We protect consumers.”Stephanie Reid-SimonsNovember 8, 2024
IndustryRealtor.com's 'Trust' claim gets OK following CoStar complaintBBB National Programs ruled in favor of Realtor.com, saying it “provided a reasonable basis” for its claim of being “#1 Site Real Estate Professionals Trust.”AJ LaTraceNovember 8, 2024
BrokeragesAnywhere could be ‘biggest beneficiary’ if Clear Cooperation is repealedDuring a Q3 earnings call, CEO Ryan Schneider reiterated his support of the CCP but said large firms would be the winners if it goes away. Revenue, income fell.AJ LaTraceNovember 8, 2024
AgentsTypical seller is older than ever, gets full asking priceAn aging seller pool reflects a trend also seen among buyers — but sellers have retained the upper hand, rarely reducing prices or offering incentives. AJ LaTraceNovember 8, 2024